The Walt Disney Co. has shared that their top Disney Executives are taking a substantial cut in their pay amid the Coronavirus pandemic.

Chairman Robert Iger will forgo 100% of his salaryCEO Bob Chapek will take a 50 percent pay cutAll Vice Presidents will have their salaries reduced by 20%All Senior Vice Presidents will take a 25% cut in payExecutive Vice Presidents and above by 30%

These pay cuts will go into effect beginning April 5, 2020.

This news comes just days after the company made the decision to keep all North American theme parks closed until further notice. According to The Hollywood Reporter, other executives in the Walt Disney Co. will take salary cuts as well.

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